The landscape of cryptocurrency exchange-traded funds is expanding significantly with Canary Capital's launch of the first US ETFs tracking Litecoin and Hedera.
These funds, which will debut on the Nasdaq on Tuesday, offer investors unprecedented regulated access to two distinct digital assets beyond the dominant Bitcoin and Ethereum.
Steven McClurg, CEO of Canary, said:
"This is another landmark moment in what has been a pivotal year for the crypto industry."
The launches were made possible by recent SEC guidelines that simplified the registration process for such products, pointing to a potential new wave of specialized crypto ETFs entering the mainstream market.